Freestone Grove Partners LP Buys New Shares in United States Lime & Minerals, Inc. $USLM

Freestone Grove Partners LP purchased a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 5,364 shares of the construction company’s stock, valued at approximately $561,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Global Retirement Partners LLC purchased a new position in shares of United States Lime & Minerals during the 4th quarter valued at about $29,000. Quarry LP purchased a new stake in United States Lime & Minerals in the 3rd quarter worth approximately $33,000. Empowered Funds LLC bought a new stake in United States Lime & Minerals during the 4th quarter worth approximately $42,000. Comerica Bank bought a new stake in United States Lime & Minerals during the 3rd quarter worth approximately $85,000. Finally, Fifth Third Bancorp purchased a new position in United States Lime & Minerals during the first quarter valued at approximately $90,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Performance

Shares of USLM stock opened at $119.96 on Monday. The stock has a fifty day simple moving average of $111.22 and a two-hundred day simple moving average of $115.26. The firm has a market capitalization of $3.44 billion, a PE ratio of 25.69 and a beta of 0.72. United States Lime & Minerals, Inc. has a 52-week low of $96.27 and a 52-week high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10). The business had revenue of $99.13 million during the quarter, compared to analysts’ expectations of $108.00 million. United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. United States Lime & Minerals’s dividend payout ratio (DPR) is 5.14%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

United States Lime & Minerals Profile

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.